37 C
Dubai
Tuesday, July 8, 2025
spot_img

Petrofac wins $700 million UAE contract

[ad_1]

(Alliance News) – The following stocks were the top risers and losers among small-cap stocks in London’s main market on Friday.

———-

Small Cap Stocks – Winners

———-

Petrofac Ltd rose 8.1 percent to 79.5 pence, with a 12-month range of 45.38 pence to 127.6 pence. The energy infrastructure company won contracts worth about $700 million. ADNOC Gas Processing Company, a subsidiary of ADNOC, has chosen to design, procure and build a new gas processing plant at ADNOC’s Hab Hill complex, west of Abu Dhabi. The new plant will include three natural gas compressor trains and support a significant increase in Mount Hab’s natural gas production.

———-

Pod Point Group Holdings PLC rose 3.7 percent to 69.99p, a 12-month change of 46p to 159.8p. The electric vehicle charging infrastructure provider has signed a partnership agreement with UK Electricity Networks. Flexibility services will be provided by adjusting EV charging schedules to help match renewable energy generation. With user permission, Pod Point will schedule electric vehicle charging away from peak hours, which will help balance the grid, Pod Point said.

———-

Small Caps – Losers

———-

Oxford BioMedica PLC, down 2.1% to 411p, with a 12-month range of 276.62p-575p. Investment bank Numis restarts coverage of gene and cell therapy group with ‘reduction’.

———-

By Elizabeth Winter, Senior Market Reporter, Alliance News

Comments and questions please send to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. all rights reserved.

[ad_2]

Source link

Related Articles

Air Europa: Connectivity and Growth in the United Arab Emirates

Air Europa strengthens its global presence by investing in key routes in the UAE with a long-term commercial vision. Air Europa, the airline belonging to...

UAE Announces Powerful Four-Day Public Holiday for Arafat Day and Eid Al Adha 2025…

UAE  has officially announced a four-day public holiday to mark Arafat Day and Eid Al Adha 2025, creating a wave of excitement across the...

Dubai Roads and Transport Authority (RTA) has announced adjusted service hours for public transportation during the Eid Al-Adha holiday

Dubai Roads and Transport Authority (RTA) has announced revised schedules for public transport services across the city in preparation for the upcoming Eid Al-Adha...

UAE Universities Surge in Global Rankings as Academic Excellence Gains Momentum

UAE are rapidly climbing the ladder of global academic prestige, marking a new chapter in the country’s ambition to become a leading hub for...

Sharjah Secures Global Spotlight as Host of Prestigious World Investment Conference 2025

Sharjah is set to take center stage in the global investment arena as it prepares to host the 29th edition of the World Investment...

Latest Articles